Investment Summary
Perfect World engaged in Film and TV series creation as well as Gaming development in China, together with strong game development and film production capabilities. Assuming a target P/E of 23x in 2019, we maintain a “Accumulate” rating and derive a target price of $37.67, 20.8% higher than previous TP, with a potential upside of 11.2%. (Closing price at 13 March 2019)
Graduated from Lingnan University, with Master of Science in International Banking and Finance and Bachelor of Business Administration respectively. Specializes in analyzing company fundamentals and valuation to explore investment opportunities in TMT, Education and Financial industry.
